MORTGAGOR'S RELIEF
EFFECT OF BETTER PRICES ORDER NOT RESCINDED AN IMPORTANT JUDGMENT [»Y TKLKGHAI'FT PRESS ASSOCIATION] "WELLINGTON. Tuesday A judgment of far-reaching importance. arising out of an application on behalf of a mortgagee that certain remissions of interest provided for in an order under the Mortgagors and Tenants' Relief Act. 1933. should be reviewed because wool and stock prices had improved and had presumably made it easier for the mortgagor to meet his obligations, has been delivered by Mr. Justice Blair. " In my view," said His Honor, "the faet that wool and meat prices have improved since the order for remissions of interest was made is not alone sufficient ground to justify this Court rescinding the order already made." His Honor added that owing to the importance of the matter as affecting the practice of the Court when administering Section 17 of the Act, he had conferred with five of his brother Judges who all concurred in the view he had expressed.
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Bibliographic details
New Zealand Herald, Volume LXXI, Issue 21855, 18 July 1934, Page 12
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162MORTGAGOR'S RELIEF New Zealand Herald, Volume LXXI, Issue 21855, 18 July 1934, Page 12
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